Exercise 2-9 On April 1, Adventures Travel Agency, Inc. began operations. The following transactions were completed during the month. 1. Stockholders invested $24,000 in the business in exchange for common stock. 2. Obtained a bank loan for $7,000 by issuing a note payable. 3. Paid $11,000 cash to buy equipment. 4. Paid $1,200 cash for April office rent. 5. Paid $1,450 for supplies. 6. Purchased $600 of advertising in the Daily Herald, on account. 7. Performed services for $18,000: cash of $2,000 was received from customers, and the balance of $16,000 was billed to customers on account. 8. Paid $400 dividend to stockholders. 9. Paid the utility bill for the month, $2,000. 10. Pald Daily Herald the amount due in transaction (6). 11. Paid $40 of interest on the bank loan obtained in transaction (2) 12. Pald employees' salaries and wages, $6,400. 13. Received $12,000 cash from customers billed in transaction (7). Journalize the transactions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry account titles and enter o for the amounts.) No. Account Titles and Explanation Debit Credit